S'pore firms urged to adopt more competitive hiring strategies

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Singapore's unemployment rate currently stands at a low 1.8 per cent.

The tightness in the labour market is expected to persist into 2014, as experts said there continues to be a shortage of talent.

In particular, higher demand for labour is expected to come from growing sectors like healthcare and pharmaceuticals.

But Singapore businesses will still need to adopt more competitive hiring strategies with growing opportunities in recovering developed economies.

Experts said these measures could put upward pressure on wages next year.